by Ganesh Sahathevan
Albanese and Nicholas Moore's political risk insurance will de-risk Macquarie's Asian infrastructure funds' investments- meanwhile the real risk is to Asians invested in Australia, from Albanese's climate and race recognition policies
From the SMH:
The strategy, developed by former Macquarie Group chief executive Nicholas Moore, recommends the government explore introducing a “political risk insurance” scheme to make it easier for Australian businesses to invest in politically unstable countries.
The region will require $3 trillion in infrastructure investment as its population expands and the middle class grows, opening major opportunities for Australian investors.
https://lnkd.in/gf2xj7vN
Albanese appears to be living in the 60s,when SEA governments provided foreign investors with few if any incentives or guarantees, and Australia was considered a safe place to invest in, with little if any political risk.
SEA is now considered a safe place to invest in, and Albanese seems to be oblivious to the concerns of foreigners considering investment in Australia, who are worried about his policies.INPEX of Japan put it so directly tha even the ABC was forced to report it without spin:
Japan's Inpex says Australia risks unintended consequences as it 'quietly quits' LNG
TO BE READ WITH
Friday, April 14, 2023
Australia's proposed consitutional amendments may cost Malaysian, Singaporean, others invested in Australian property half of freehold value in extinguished native title compensation - Leading Australian tax firm outlines the problems (but says landowners should be mature enough to pay the price)
by Ganesh Sahathevan
Australia's proposed consitutional amendments may cost Malaysian, Singaporean, others invested in Australian property half of freehold value in extinguished native title compensation - Leading Australian tax firm outlines the problems (but says landowners should be mature enough to pay the price)
Australians are being asked to consider amendments, described as The Voice, to their Commonwealth constitution similar to Article 153 of the Federal Constitution, Malaysia, from which the special Bumiputera rights derive.
The beneficiaries in the Australian case are its Aboriginals , who can already claim native title over much of Australia. That title can be the basis of compensation and other monetary claims, under exisiting laws (even if the claims are not yet widespread).
The leading Melbourne tax law firm, Arnold Bloch Leibler explained in an op-ed published in 2019 how a decision of the High Court recognised that Aborigines were entitled to compensation for their extinguished native title, calculated in that case to be half of freehold value. The firm is also a leading proponent of the proposed consitutional amendments, and has said in effect that paying compensation s the right, mature thing to do (see article below).
All this however can mean that Malaysians, Singaporeans and others invested in Australian property may soon be liable to pay half of freehold value in extinguished native title compensation. The Voice constitutional amendments if passed into law are likely to mean more claims for compensation, and quite likely, a more streamlined, formal process for the payment of compensation.
To Be Read With
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